Followers
0
Following
0
Blog Posts
0
Threads
707
Blogs
Threads
Portfolio
Follower
Following
2016-01-07 19:33 | Report Abuse
wakakaakakka.
2016-01-07 19:27 | Report Abuse
George Soros Sees Crisis in Global Markets That Echoes 2008
By Anusha Ondaatjie and Adam Haigh - 7 Jan 2016, 1:25:16 PM
George Soros.
Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday.
China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said in Colombo. A return to positive interest rates is a challenge for the developing world, he said, adding that the current environment has similarities to 2008.
Global currency, stock and commodity markets are under fire in the first week of the new year, with a sinking yuan adding to concern about the strength of China’s economy as it shifts away from investment and manufacturing toward consumption and services. Almost $2.5 trillion was wiped from the value of global equities this year through Wednesday, and losses deepened in Asia on Thursday as a plunge in Chinese equities halted trade for the rest of the day.
“China has a major adjustment problem,” Soros said. “I would say it amounts to a crisis. When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008.”
Soros, whose hedge-fund firm gained about 20 percent a year on average from 1969 to 2011, has a net worth of about $27.3 billion, according to the Bloomberg Billionaires Index. He began his career in New York City in the 1950s and gained a reputation for his investing prowess in 1992 by netting $1 billion with a bet that the U.K. would be forced to devalue the pound.
Measures of volatility are surging this year. The Chicago Board Options Exchange Volatility Index, known as the fear gauge or the VIX, is up 13 percent. The Nikkei Stock Average Volatility Index, which measures the cost of protection on Japanese shares, has climbed 43 percent in 2016 and a Merrill Lynch index of anticipated price swings in Treasury bonds rose 5.7 percent.
Yuan Convertibility
China’s Communist Party has pledged to increase the yuan’s convertibility by 2020 and to gradually dismantle capital controls. Weakness in the world’s second-largest economy remains even after the People’s Bank of China has cut interest rates to record lows and authorities pumped hundreds of billions of dollars into the economy. Data this week reinforced a sluggish manufacturing sector.
More articles on Markets
2016-01-07 17:47 | Report Abuse
aiyoyo laugh9dieme liao.
2016-01-07 17:31 | Report Abuse
die already la. hold longer die harder.
40c sure will revisit.
2016-01-07 15:21 | Report Abuse
i agree with u.
2016-01-07 15:17 | Report Abuse
Valuedcap just called me and told me mkt selling too heavy. may abort market rescue operation until more visibility.
2016-01-07 11:42 | Report Abuse
u see la. don't play play man.
2016-01-07 11:35 | Report Abuse
Posted by Desa20201956 > Jan 7, 2016 11:32 AM | Report Abuse
because of you, I just bought some Genting.
why u trust me Leh?
2016-01-07 11:33 | Report Abuse
see my POWER??? the moment i called to activate VC. they take my instruction.
wakakakakaak. don't play play with me Hor..
2016-01-07 11:32 | Report Abuse
valued cap can buy Genting. valued cap not a halal fund.
2016-01-07 11:21 | Report Abuse
now u ppls believed my connection to Valuedcap? wakakakakaa.
2016-01-07 11:16 | Report Abuse
u see la, immediately after i called them, many stock start to turn green liao.
2016-01-07 11:14 | Report Abuse
they got money la. don't listen to others.
someone from saudi just donated another USD 2.6bil for today mkt.
2016-01-07 11:07 | Report Abuse
so can shopping now.
2016-01-07 11:04 | Report Abuse
strongest stock on earth!!
2016-01-07 10:42 | Report Abuse
i sulah lari yesterday at 45c. i don't claim to be like other who always said sell at the peak price.
my cost. 39.5c.
2016-01-07 10:24 | Report Abuse
where is my coke??
2016-01-07 10:20 | Report Abuse
holland liao. still in?
2016-01-07 08:48 | Report Abuse
the sorzai Sifu must b OTB.
P. S. : I noted with a laugh that a so-called investing sifu (name withheld to prevent it from public humiliation) in this forum who said that some large percentage of Hevea product goes to USA. I like to say to him : Go do your homework carefully, before proclaiming the sifu title.
2016-01-06 22:45 | Report Abuse
rubbish co.
2016-01-06 22:44 | Report Abuse
hmm.. the best of the Best!
2016-01-06 22:31 | Report Abuse
all profit are fake! another Xinquan malaysia version.
2016-01-06 22:28 | Report Abuse
game over. who run faster get burn less.
2016-01-06 22:07 | Report Abuse
u guys still play ifca? will drop back to 50c i believe.
2016-01-06 21:58 | Report Abuse
u all got nothing to do come to my bungalow to help me count monies!!!
i got standby 2 legged abalone from china. got wine, got whisky. got music.
i didn't know count monies need so much energy one. Haiz...
2016-01-06 21:46 | Report Abuse
sorchai. he bought at 80c? he sold all at 93c u go check record. he ask ppls to buy at 80c.
he bought way before you bought la.
show me evidence he bought at 80c?
2016-01-06 21:41 | Report Abuse
gap down tomorrow. then will rest at 40c next few days. game over.
2016-01-06 21:23 | Report Abuse
Bintai the black horse was suppose to reach rm1.00 last month by the latest.
and rocket formation and tiger roaring Connect he still sitting on losses.
wakaakakaakka. laugh9dieme liao.
shameless tkp2.
2016-01-06 21:21 | Report Abuse
can venture into sex toy where ample of latex and precision of design is required.
2016-01-06 21:11 | Report Abuse
so easy sue ka. aiyo. means u donno any real lawyer in this world la.
2016-01-06 21:10 | Report Abuse
waterfall soon. the whole results and profit is book cooking.
don't believe what i said.. pls don't believe...
2016-01-06 21:09 | Report Abuse
wakakakakaka.
2016-01-06 21:07 | Report Abuse
get out this stock before it go away like farts.
2016-01-06 21:06 | Report Abuse
20b use to support Index link stock still can Tahan a while u know?
2016-01-06 21:01 | Report Abuse
wakakakaka.
2016-01-06 20:55 | Report Abuse
oppstikus. i forbid u from insulting my Idol icon8888.
u better behave.
2016-01-06 20:53 | Report Abuse
dj can drop 400 pts but bursa don't want to drop. u blow meh?
2016-01-06 20:50 | Report Abuse
on 2nd thought. Icon8888 should do the same to GOB where Optimus Prime also said the same to the stocks.
2016-01-06 20:47 | Report Abuse
i scratch my balls. i really don't understand why u need to concern where the shareholder not loving each other?
the share price is what your only concern.
i really have to scratch my balls again...
Export stocks, now what?
2016-01-07 20:53 | Report Abuse
ask yourself this question la. if global recession come. who buy your exports?
laughdieme lah.